Kenneth Lewis, the Bank of America Corp. Chief Executive seems to think so. Lewis has written to congress to express his concern, saying the legislation penalizes employees who are not responsible for responsible for creating the financial crisis the US is suffering. ‘In this environment, I am very concerned about our ability to retain some of our most valuable associates’, he went on to say. Is the 90% tax bill unfair?
March 21, 2009
March 17, 2009
Brown finally accepts some responsibility.
In an interview with the Guardian newspaper, Gordon Brown finally admits some responsibility over the financial crisis. After David Cameron’s apology and subsequent double digit lead in the polls, this was only to be expected. Although it is doubtful whether this is enough to diffuse the calls for an apology from his political opponents. Brown finally accepts some responsibility.
November 23, 2008
Will desperation save us all?
To me it seems like a slightly desperate act to lower the VAT by 2.5%, as it is reportedly expected to be in Alistair Darling the British chancellors pre-budget speech. In my mind it is just going to reinforce the idea that buying worthless crap is really the meaning of life.
But, at least this is a stimulus package that will reach the consumer directly and not have to filter through banks as cheaper lending. Will desperation save us all?
